Filing Details

Accession Number:
0001193125-18-247458
Form Type:
13G Filing
Publication Date:
2018-08-13 17:31:04
Filed By:
Gordon Brothers Brands, Llc
Company:
Apex Global Brands Inc. (NASDAQ:APEX)
Filing Date:
2018-08-13
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Gordon Brothers Brands 795,331 795,331 795,331 5.4%
Gordon Brothers Group 795,331 795,331 795,331 5.4%
filing Gordon Brothers Brands
Filing

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2

 

 

Cherokee Inc.

(Name of Issuer)

Common Stock, $.02 par value per share

(Title of Class of Securities)

16444H102

(CUSIP Number)

August 3, 2018

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP NO. 16444H102    13G    Page 2 of 6 Pages

 

  1       

  NAMES OF REPORTING PERSONS

 

  Gordon Brothers Brands, LLC

  2      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 

  (a)  ☐        (b)  ☐

  3      

  SEC USE ONLY

 

  4      

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  None

  6     

  SHARED VOTING POWER

 

  795,331 (1)

  7     

  SOLE DISPOSITIVE POWER

 

  None

  8     

  SHARED DISPOSITIVE POWER

 

  795,331 (1)

  9      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  795,331 (1)

10      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

11      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  5.4% (2)

12      

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  OO

 

(1)

Represents an immediately exercisable warrant to purchase 795,331 shares of the Issuers Common Stock, par value $.02 per share (the Common Stock) held by Gordon Brothers Brands, LLC (GBB) as of August 3, 2018.

(2)

This percentage is calculated based upon 14,001,200 shares of the Common Stock outstanding as of June 7, 2018 as set forth in the Issuers most recent Form 10-Q for the period ending May 5, 2018, filed with the Securities and Exchange Commission on June 14, 2018.


CUSIP NO. 16444H102    13G    Page 3 of 6 Pages

 

  1       

  NAMES OF REPORTING PERSONS

 

  Gordon Brothers Group, LLC

  2      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 

  (a)  ☐        (b)  ☐

  3      

  SEC USE ONLY

 

  4      

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  None

  6     

  SHARED VOTING POWER

 

  795,331 (1)

  7     

  SOLE DISPOSITIVE POWER

 

  None

  8     

  SHARED DISPOSITIVE POWER

 

  795,331 (1)

  9      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  795,331 (1)

10      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

11      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  5.4% (2)

12      

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  OO

 

(1)

Represents an immediately exercisable warrant to purchase 795,331 shares of the Issuers Common Stock, par value $.02 per share (the Common Stock) held by Gordon Brothers Brands, LLC (GBB) as of August 3, 2018.

(2)

This percentage is calculated based upon 14,001,200 shares of the Common Stock outstanding as of June 7, 2018 as set forth in the Issuers most recent Form 10-Q for the period ending May 5, 2018, filed with the Securities and Exchange Commission on June 14, 2018.


CUSIP NO. 16444H102    13G    Page 4 of 6 Pages

 

Item 1(a)

Name of Issuer:

Cherokee Inc.

 

Item 1(b)

Address of issuers principal executive offices:

5990 Sepulveda Boulevard

Sherman Oaks, CA 91411

 

Items 2(a)

Name of Reporting Persons filing:

Gordon Brothers Brands, LLC (GBB)

Gordon Brothers Group, LLC (GBG)

 

Item 2(b)

Address or principal business office or, if none, residence:

Prudential Tower

800 Boylston Street, 27th Floor

Boston, MA 02199

 

Item 2(c)

Citizenship:

 

Name

  

Citizenship or Place of Organization

GBB

   Delaware Limited Liability Company

GBG

   Delaware Limited Liability Company

 

Item 2(d)

Title of class of securities:

Common Stock, $.02 par value per share

 

Item 2(e)

CUSIP Number:

16444H102

 

Item 3

If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filings is a:

Not applicable.

 

Item 4

Ownership

The following information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of August 3, 2018:

 

Reporting Persons

   Shares of
Common
Stock Held
Directly (1)
     Sole Voting
Power (1)
     Shared Voting
Power (1)
     Sole
Dispositive
Power (1)
     Shared
Dispositive
Power (1)
     Beneficial
Ownership (1)
     Percentage
of Class (1)
 

GBB (2)

     795,331        0        795,331        0        795,331        795,331        5.4

GBG (3) (4)

     0        0        795,331        0        795,331        795,331        5.4

 

(1)

This percentage is calculated based upon 14,001,200 shares of the Common Stock outstanding as of June 7, 2018 as set forth in the Issuers most recent Form 10-Q for the period ending May 5, 2018, filed with the Securities and Exchange Commission on June 14, 2018.

(2)

GBB owns an immediately exercisable warrant to purchase 795,331 shares of the Common Stock.

(3)

As the sole member of GBB, GBG controls GBB, including with respect to voting and investment power over the shares of Common Stock that are, or may be deemed to be, beneficially owned by GBB, and is a beneficial owner of such shares of Common Stock.

(4)

Each individual member of GBGs investment committee has disclaimed beneficial ownership of the shares of Common Stock that are, or may be deemed to be, beneficially owned by GBB. This report shall not be construed as an admission that such persons are the beneficial owners of the Common Stock for any purpose.


CUSIP NO. 16444H102    13G    Page 5 of 6 Pages

 

Item 5

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.

 

Item 6

Ownership of More than Five Percent on Behalf of Another Person

Not applicable

 

Item 7

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person

Not applicable.

 

Item 8

Identification and Classification of Members of the Group

Not applicable.

 

Item 9

Notice of Dissolution of Group

Not applicable.

 

Item 10

Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


CUSIP NO. 16444H102    13G    Page 6 of 6 Pages

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: August 13, 2018

 

GORDON BROTHERS BRANDS, LLC
By:  

/s/ Michael P. Muldowney

Name:   Michael P. Muldowney
Title:   Chief Financial Officer, Vice President & Treasurer
GORDON BROTHERS GROUP, LLC
By:  

/s/ Michael P. Muldowney

Name:   Michael P. Muldowney
Title:   Chief Financial Officer & Vice President

Exhibit(s):

 

Exhibit 99.1:   Joint Filing Statement